CMP: ₹978.50
Breakout Zone: ₹1,030–1,070
Support Zone: ₹850–860
Price Action: Price is consolidating just below resistance, creating a base near the breakout zone.
📈 Technical View (Positional)
Price has shown strong recovery from the support zone (~₹850), moving towards a crucial resistance area at ₹1,030–1,070.
This zone has acted as a major supply zone in the past — a clean breakout above ₹1,070 could trigger fast upside.
Short-term pullback offers a good accumulation range before breakout attempt.
🚀 Positional Levels:
Entry Range: ₹960–985
Target 1: ₹1,070
Target 2: ₹1,180
Target 3: ₹1,320
Stop-Loss (Closing Basis): ₹935
Breakout Zone: ₹1,030–1,070
Support Zone: ₹850–860
Price Action: Price is consolidating just below resistance, creating a base near the breakout zone.
📈 Technical View (Positional)
Price has shown strong recovery from the support zone (~₹850), moving towards a crucial resistance area at ₹1,030–1,070.
This zone has acted as a major supply zone in the past — a clean breakout above ₹1,070 could trigger fast upside.
Short-term pullback offers a good accumulation range before breakout attempt.
🚀 Positional Levels:
Entry Range: ₹960–985
Target 1: ₹1,070
Target 2: ₹1,180
Target 3: ₹1,320
Stop-Loss (Closing Basis): ₹935
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.